SinoGrandness just incorporated Garden Fresh Group Holding Co Ltd
Looks like ipo is on the way!
(21-01-2015, 07:08 AM)portuser Wrote: [ -> ]Garden Fresh (HK) is currently the business owner of beverage business. It is wholly owned by Sino Grandness through Grandness (HK) Industry, an intermediate company:
.....................................Sino Grandness (incorporated in Singapore)
.............................................................*
.................................................100%.....*
..............................................................*
.................................Grandness (HK) Industry (incorporated in HK)
..............................................................*
................................................100%......*
..............................................................*
....................................Garden Fresh (HK) (incorporated in HK)
........................................*.....................................................*
.........................100%.....*...........*................................100%.....*
....................................*.............................................................*
...............Garden Fresh (Shenzhen)................................Garden Fresh (Hubei)
...................(incorporated in PRC) .................................(incorporated i n PRC)
..................................*............................................................*
............................90%..*.................................................10%*
.......................................*.................................................*
................................................Garden Fresh (Sichuan)
..................................................(incorporated in PRC)
The announcements on 19 Jan 15 on the incorporation of Garden Fresh Group Holdings in Cayman Islands as well as the incorporation of Garden Fresh Group in HK, resulting in the following structure, were made in a routine manner:
...............................Sino Grandness (incorporated in Singapore)
...............................................*.........................*
................................100%.....*.................100%.....*
...........................................*...................................*
.........................................*........Grandness (HK) Industry (incorporated in HK)
.......................................*...........................................*
.....................................*..................................100%....*
..................................*.................................................*
Garden Fresh Group Holding Co Ltd........................Garden Fresh Group Co Ltd
..(incorporated in Cayman Islands)...........................(incorporated in HK)
Where will Garden Fresh (HK) be in ultimately?
Garden Fresh(HK), the issuer of the two convertible bonds, is aiming for listing on an established stock exchange.
If this restructuring means that IPO is in progress then it is not a "good" sign to me...partly becoz I am hoping that the IPO is delayed until after the CB expiry.
Yet it is good to know that IPO is progressing well..this will definitely rubbish shortsellers claim that SinoG is fraud, otherwise IPO would have been dead by now.
No wonder there was a sudden surge from 465cts..Buyers now can look forward to multi-bagging from here.
vested.
Based on the two announcements on 19 Jan 2015, the two newly-incorporated subsidiaries are related to Sino Grandness in the following way:
..............................Sino Grandness (incorporated in Singapore)
...................................................*
.........................................100%...*
...................................................*
.............................Grandness (HK) Industry (incorporated in HK)
....................................................*
.........................................100%....*
....................................................*
...................Garden Fresh Group Holding Co Ltd (incorporated in Cayman Islands)
....................................................*
.........................................100%....*
.....................................................*
........................Garden Fresh Group Co Ltd (incorporated in HK)
The one I constructed this morning is incorrect.
Is the incorporation of Garden Fresh Group Holding and Garden Fresh Group in preparation of IPO?
(21-01-2015, 01:56 PM)portuser Wrote: [ -> ]Based on the two announcements on 19 Jan 2015, the two newly-incorporated subsidiaries are related to Sino Grandness in the following way:
..............................Sino Grandness (incorporated in Singapore)
...................................................*
.........................................100%...*
...................................................*
.............................Grandness (HK) Industry (incorporated in HK)
....................................................*
.........................................100%....*
....................................................*
...................Garden Fresh Group Holding Co Ltd (incorporated in Cayman Islands)
....................................................*
.........................................100%....*
.....................................................*
........................Garden Fresh Group Co Ltd (incorporated in HK)
The one I constructed this morning is incorrect.
Is the incorporation of Garden Fresh Group Holding and Garden Fresh Group in preparation of IPO?
Is only a question ah? Lol.
Hmm hope so man.
It kinda reminds me of transcab.........it went all the way then faltered, hope not for this counter
vested too
Another possibility of setting up a cayman island co. is to hold intellectual properties so that the royalty income will not be subjected to taxation.
Like Coca Cola, the Garden Fresh brand may one day be licensed out with manufacturing processes managed by the licensees.
(22-01-2015, 08:26 AM)Adagio Wrote: [ -> ]Another possibility of setting up a cayman island co. is to hold intellectual properties so that the royalty income will not be subjected to taxation.
Like Coca Cola, the Garden Fresh brand may one day be licensed out with manufacturing processes managed by the licensees.
Sina Grandness was incorporated in Singapore on 2007, and listed on 2009. Annual revenue was around half a billion S$
Coca-cola began in 1886, and survived and remained prosperous till today. Annual revenue was around half of 100 billion US$
It is inappropriate to compare the company with Coca-cola, which is way out in all aspects, IMO
(a view base on few simple fundamentals)
(22-01-2015, 09:13 AM)CityFarmer Wrote: [ -> ](a view base on few simple fundamentals)
No surprises that people DO believe trees will grow into the sky.
If i own this stock, using this as a contrarian signal, it is most probably time to start to think of selling it.
(22-01-2015, 09:13 AM)CityFarmer Wrote: [ -> ] (22-01-2015, 08:26 AM)Adagio Wrote: [ -> ]Another possibility of setting up a cayman island co. is to hold intellectual properties so that the royalty income will not be subjected to taxation.
Like Coca Cola, the Garden Fresh brand may one day be licensed out with manufacturing processes managed by the licensees.
Sina Grandness was incorporated in Singapore on 2007, and listed on 2009. Annual revenue was around half a billion S$
Coca-cola began in 1886, and survived and remained prosperous till today. Annual revenue was around half of 100 billion US$
It is inappropriate to compare the company with Coca-cola, which is way out in all aspects, IMO
(a view base on few simple fundamentals)
huh sorry I dont understand. Where is the comparison between Coca Cola and SInoG in Adagio's post.? If can compare, then I horsay liao.
(22-01-2015, 03:03 PM)weijian Wrote: [ -> ] (22-01-2015, 09:13 AM)CityFarmer Wrote: [ -> ](a view base on few simple fundamentals)
No surprises that people DO believe trees will grow into the sky.
If i own this stock, using this as a contrarian signal, it is most probably time to start to think of selling it.
Tell that to Jack Ma...Many many many years ago, ppl also say the same thing abt the moon. So far away..cannot reach. Haiz.